Italian borrowing costs return above 7%

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Source: Marketwatch
© Scanpix/AFP
On Tuesday Italian 10-year domestic bonds dropped sharply, pushing yields above 7% level. According to FactSet Research, the yield hit 7.01% or 43 basis points up compared to Monday. Borrowing rate of 7% is perceived as psychologically important as it indicated the point, where Greece and Portugal were locked out of money markets. Italy's 10-year borrowing cost surged above 7% also last week on political crisis.

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Tue, 15 Nov 2011 14:44:41 GMT

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